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9/20/2017, 8:29 PM (Source: TeleTrader)
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Treasuries drop after Fed decision

United States government bonds started selling off on Wednesday after the Federal Reserve decided to keep interest rates unchanged and announced it plans to start reducing its balance sheet in October.

The yield on 10-year Treasuries surged 3.19 basis points to 2.2765% at 8:19 pm CET, while the yield on two-year bonds, which is more sensitive to monetary policy changes, rallied 3.3 basis points to 1.4341%. The yield on 30-year debt was up 0.79 basis points at 2.8246% at the same time.

Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB